Tax Consulting
We specialize in strategic tax solutions that support your bottom line.
Research + Development (R+D) Tax Credit Services
If you’re innovating, you could be saving
The R+D tax credit rewards businesses for investing in innovation, whether you’re developing new products, improving processes, or building software. If your company is solving technical problems, you could qualify for significant federal and state tax benefits.
Your business may be eligible for the R+D tax credit if you:
- Employ technical staff such as chemists, engineers, programmers, or scientists
- Develop or improve products, tools, or processes
- Build prototypes, jigs, models, or dies for testing
- Incur costs for raw materials or subcontracted testing during product development
- Develop or customize software
How you benefit
Direct tax savings
Get a dollar-for-dollar reduction of your federal tax liability.
Cash flow boost
Claim eligible R+D expenses and carry credits forward for up to 20 years.
Retroactive rewards
Explore lookback options for prior years and state credits in many jurisdictions.
Expert guidance
Our team specializes in industries from manufacturing and distribution to healthcare, and construction.
Your dedicated specialist
Honkamp’s R+D tax credit specialist brings deep technical and industry expertise to every engagement. Jackie works with you to identify qualifying activities, document expenses, and ensure you get every dollar you deserve.
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When it comes time to understand what’s next for your business, you need someone you trust to guide you through the transition.
Financial Planning
At Honkamp, we are diligent in ensuring your long-term planning is simplified.
Ready to turn innovation into savings?
Honkamp will help you identify qualifying activities, document expenses and maximize your R+D tax credits. Contact us today and let’s make your innovation work harder for you.